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Hillel Moerman. Mr. Moerman was appointed chief financial officer on February 15, 2007, effective January 31, 2007. Mr. Moerman is the chief financial officer of API and AREP and will retain those positions. Mr. Moerman will receive no compensation for his services as chief financial officer of the Company. Mr Moerman was appointed chief financial officer of API and AREP in June 2006. From January 2005 to June 2006, Mr. Moerman, held the positions of Director of Accounting and VP of Strategic Planning for API. Prior to that time, from September 2000 through December 2004, Mr. Moerman was a Senior Manager with Ernst & Young LLP. Mr. Moerman also worked as a staff accountant for the corporate finance group of the Securities and Exchange Commission from 1999 to 2000. Mr. Moerman received his Bachelor of Talmudic Law from Ner Israel College and a Master of Business Administration from Johns Hopkins University. | 